Anybody know anything about this ?
I bought the "secure income plan" in one year's stocks ISA.
No jokes please about "secure".

It is supposed to be similar to cash offering a good return with an
investment strategy based on buying elderly persons life insurance
policies in the US.

I bought it through Cavendish Online.

My local (solid as a rock and fiscally conservative - I think)
Cambridge Building Society also pushes Keydata products. This tended
to make me regard KeyData as more solid.

TIA.

Jim

Jim wrote:
Anybody know anything about this ?
I bought the "secure income plan" in one year's stocks ISA.
No jokes please about "secure".

It is supposed to be similar to cash offering a good return with an
investment strategy based on buying elderly persons life insurance
policies in the US.

Preliminary investigations suggest the assets are safe and that HMRC won't
chase individuals for KeyData's tax screwups:
http://www.citywire.co.uk/personal/-...aspx?ID=344024
(also see RHS of that page for more stories)

If assets aren't safe, I'm not sure of whether the FSCS might apply.

PWC have an FAQ:
http://www.pwc.co.uk/eng/issues/keyd...trat ion.html

Theo